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DEX activity monitoring
Nowadays, new cryptocurrencies are usually first listed on a decentralized exchange like Uniswap, PancakeSwap, etc. Only once they achieve good DEX trading volumes, they are listed on large CEX exchanges, at which point, a massive rally often follows. Many investors prefer to start tracking promising tokens and building positions while they still trade only on DEXes.
As DEXes have much lower volumes and use liquidity curve formulas instead of order books, a single transaction or followers’ reaction to a tweet can move the price by 10% or more. It also happens fast, so a bot like Gemix is essential.
We will start by tracking whale transactions on Uniswap, then add PancakeSwap, SushiSwap, and leading DEXes on other chains. Just like in the case of CEX monitoring, the bot will report the price change following the transaction. Users will be able to use commands to display information for specific exchanges and – later – assets, as well as subscribe to bot notifications to have all the transactions for a selected DEX appear in a channel.